When I decided in May 2022 to go on my own and start LaraontheBlock, I didn’t know where it would take me or how I would be able to succeed, but what I did know is that I had gained a lot of experience from my life and my career, and I was living in an age the digital one that not only democratized information and value but also gave individuals the freedom to be able to chase their dreams, work from anywhere in the world, and have their talents and voice heard! Today a year and half later, thankful for all the positive responses I receive for the articles I write, for the news I post, and for the sharing of information that helps to grow the blockchain and crypto ecosystem in the GCC and MENA region, I am moving the LaraontheBlock dream from blogger.com to my own full-fledged website www.LaraontheBlock.com  The success of LaraontheBlock blog was fantastic, and this couldnt have been done without the strong community of readers, followers, startups, partners, and community.  It w

  Web3 gaming startup GAM3S.GG.based out of Abu Dhabi UAE has just raised $2 million in seed funding led by investment firm Mechanism Capital and other angel investors including   Polygon, Double Peak, ArkStream Capital, LD Capital, ROK Capital, Hyperithm, Snackclub, Emurgo Ventures, Eden Ventures and Mix Marvel Ventures. Formerly known as Polkastarter Gaming, GAM3S.GG, offers curated Web3 gaming content, with 200 listed games across 15 chains and over 60,000 registered gamers. Omar Ghanem, Co-Founder and Chief Executive officer of Gam3S.GG states, “The gaming industry is at a crossroads while Web3 offers new exciting possibilities, the lack of quality content and a singular destination for all your Web3 gaming needs has left many gamers lost.” GAM3S.GG said it is building the hub to enable newcomers and professional gamers to explore new frontiers and experiences within one single Web3 gaming superapp. The startup is also a member of AD Gaming, the entity responsible for develop

    UAE based Emirates NBD has inveted in Blockchain enabled Komgo, trade finance platform. As per the press release , the strategic equity investment was made by Emirates NBD’s Innovation Fund, the Bank’s corporate venture fund.   The fund created in early 2023, aims to strengthen synergies from strategic partnerships by combining the Bank’s digital ambitions and regional expertise with the agility and technological innovations of fintech companies. Emirates NBD’s corporate venture capital arm will enable the Group to make investments in tech start-ups and companies that further support its digital strategy. The Innovation Fund’s mandate is to invest in a wide range of stages, from early to growth, depending on the strategic fit for the Group, with the aim of delivering strategic benefits and realising a long-term return from investments. Komgo’s solutions empower Treasury, Credit, and Trade Finance operations, streamlining communications and strengthening operational capacity

  Arcapita Group Holdings, a global alternative investment firm, has invested in GCC based DataFlow Group, a primary Source Verification (PSV) solutions, and background screening and immigration compliance services. The acquisition represents yet another milestone in Arcapita’s growth strategy, having completed five direct investments and eight add-on acquisitions in the business services space, in the US and GCC, over the past five years. DataFlow Verification Services Limited is the GCC’s leading provider of regulation-mandated pre-employment primary source verification (PSV) services, with over 850 employees across nine countries, including Saudi Arabia and the UAE, and a global network of more than 160,000 issuing authorities across 190 countries. The company’s workflow and system integrations with issuing authorities and GCC regulators has made it the service provider-of-choice in many markets resulting in long-standing client relationships. While DataFlow has historically f

  Saudi’s fintech entity Geidea just announced that it has partnered with UAE based Blockchainenabled payments platform Magnati, and FAB ( First Abu Dhabi Bank) to offer digital payments in KSA, this comes after Geidea had partnered with Blockchain payments platform WadzPay in 2022. As per the recent announcement, The collaboration has the potential to be transformative in the Saudi payments space and is set to create exceptional value for clients, bridging the gap between advanced financial solutions and accessibility, while ensuring enhanced affordability, said the statement. With a focus on innovation and technology, Magnati offers Payment as a Platform services that cater to a wide range of industries and businesses, encompassing integrated payment solutions, secure transaction processing, and comprehensive e-commerce solutions. Launched in the Kingdom of Saudi Arabia in 2008, Geidea provides over 700,000 payment terminals (POS) across the region and serves over 139,000 trust

  USA Everything Blockchain Inc., (EBI), a technology company that is blending blockchain, DBMS, and Zero Trust to deliver new ways to store, manage and protect data, has appointed Dr. Najwa Araj as new board member for MENA region. This makes the total number of board members five. Dr. Aaraj has 15 years of experience at global cybersecurity and consulting firms bringing critical industry knowledge and expertise to the company’s leadership team. A premier technical expert, Dr. Aaraj earned a Ph.D. with highest distinction in applied cryptography and embedded systems security from Princeton University. “The addition of Dr. Aaraj to the board is another critical step forward for the direction of the company,” said Michael Hawkins, Chairman of the Board at EBI. “Her invaluable knowledge and industry experience will undoubtedly contribute to our continued growth, product development, and education of the industry on the importance of next-generation database and security solutions.”

  Saudi Arabia based IR4LAB, a specialized firm in disruptive technologies such as Blockchain and Artificial Intelligence with a MENA presence is implementing the first Blockchain enabled registration and certificate of attendance solution for the inaugural Blockchain Research Institute (BRI) Web3 summit being held on October 19 th at the Four Seasons hotel in Riyadh KSA. IR4LAB will be utilizing its blockchain based solution DocCerts to manage registration, and certificates of attendance for the inaugural Web3 Blockchain and beyond summit organized by the globally renowned Blockchain research Institute. The Blockchain Research Institute Middle East, with branches all around the world, is known for their yearly summits led by their partner, the legendary Dr Don Tapscott who will be flying for the first time to the Kingdom addressing C-suites audience focusing on the topics of Blockchain for Oil&Gas, Supply chain & logistics, Smart Cities, Banking &Finance and Women in

In a recent tweet , the Founder of WadzPay, a blockchain technology payment provider with a presence in the UAE, Anish Jain, offered an update to the community stating that WadzPay had made strides on the licensing front and are in the “final stages". In addition he added that WPC token would be listed on a Tier1 regulated exchange in the Middle East. As for the WadzPay product it will be ready for launch in Q3 of this fiscal year with live terminals on WadzPay soon. Prior to this in a LinkedIn post , WadzPay announced that its blockchain enabled payments platform was now technically live for Pilgrims in Saudi Arabia. The solution is intended to facilitate digital payments and creates a cashless experience in KSA. As per the announcement, WadzPay works with large payment companies, banks, and global entities to enable virtual asset-based transaction processing and settlement. Their private blockchain program will enable pilgrims to use mobile app-based wallets issued by an approve

  BingX, a cryptocurrency exchange, has introduced   Peer-to-Peer (P2P) trading services for multiple countries in the MENA region including UAE, Qatar, Jordan, Egypt, Kuwat, Saudi Arabia and Turkey. This means that trading includes fiat currencies such as   AED, DZD, EGP, JOD, KWD, QAR, SAR, MAD, TRY, and more. By opening up this feature, BingX aims to foster greater accessibility and convenience for users seeking to purchase cryptocurrencies with their local fiat currencies. According to BingX press release, this strategic move empowers merchants and users in the MENA region and Turkey to engage in direct cryptocurrency transactions with zero transaction fees. Building on its successful P2P trading services available in over 40 countries and regions with support for 300+ payment methods, BingX now extends its user-friendly and cost-effective trading experience to the MENA and Turkey market. BingX is seeking merchants in the Middle East and Turkey. "We are delighted to intr

  The Blockchain related job market in the GCC MENA region is growing, and salaries differ between varying GCC countries depending on need, and availability. According to Salary Explorer 2023 reports, the average blockchain developer salary in the UAE per month is $3348 ( 12,300 AED), in Oman $3922 ( 1,510 OMR ), in KSA $3945 (14,800 SAR), in Qatar $3597 (13,100 QAR), in Bahrain $3630   ( 1,370 BHD), while in Egypt and Morocco the average salary is $266 ( 8,230 EGP), and $1810 ( 17,500 MAD). Interestingly others have noted that the average crypto salary per month in Dubai is $6582. As per their report salary estimates are based on anonymous submissions by cryptos, website users collected in Dubai from past and present job posts. Concurringly a number of entities in the UAE are requesting job positions. One example is Crypto.com that is hiring a Web3 senior regulatory reporting analyst, in Dubai. Recently as wel the Commercial Bank of Dubai was searching for Head of CBDC digita

    Saudi Arabia is moving forward with Blockchain and Web3 with partnerships such as the one between Indian Beyond Imagination technologies, a blockchain Web3 tech company and Saudi Aba’ad Alkhayal software company Co-founded by Princess Hesah Al Saud. With this partnership Beyond Imagination technologies will expand into the Middle East. Aba'ad Alkhayal is a Saudi-based software company that leverages the latest technologies like blockchain and artificial intelligence to help businesses thrive in the digital age. The partnership aims   to ideate, develop, and deploy solutions that will help Middle East clients with blockchain. The move comes as part of the company's commitment to fostering blockchain adoption and innovation across various industries in the region. "We are thrilled to embark on this exciting journey, committed to reshaping the future of technology," said Princess Hesah Al Saud, Co-Founder, Aba’ad Alkhayal. "With this partnership, we en

  Saudi based SABIC, one of the world’s largest petrochemicals manufacturers has launched a blockchain pilot project to trace the carbon footprint of specific material streams from end to end. SABIC will work with Circularise, a blockchain software provider. According to SABIC release, blockchain technology has emerged as a potentially efficient solution to improve the process that can bolster transparency and accountability while minimizing risk across supply chains. SABIC’s project will employ Circularise’s technology to capture emissions across the value chain by deploying a consistent methodological and reporting framework accepted by the industry. Scope 1 and Scope 2 data captured at the material level can be used to generate Scope 3 CO2 emissions for the full value chain of targeted industries. In addition to increased transparency, the use of Circularise’s Smart Questioning technology will benefit SABIC’s entire value chain by reducing the administrative efforts associate

  Arab Brazilian Chamber of Commerce ( ABCC) in a recent visit presented Morocco's customs entity with the features and benefits of Ellos Blockchain and aligned the next steps to use the platform. ABCC developed Ellos Platform as a distributed digital ledger to enhance its supply chain documentation, effectively tracking all information regarding any product being sold across the Brazilian and Arab markets, including all commercial, banking, trade, and export transactions from end to end. Buyers will be able to access relevant product information upon scanning a QR code on its packaging, ensuring customer satisfaction and quality of goods. Within the blockchain, stakeholders will be able to review the involvement of manufacturers, transporters, point of sale (POS), and others through immutable data. Using the highest technology, the Arab Brazilian Chamber of Commerce developed Easy Trade, the Ellos Blockchain system responsible for sending the documents required by the Arab cu

    USA based Meer Energy, Co-Founder Abdullah Han , was one of the speakers in June 2023’s 10 th Arab China Business Conference, in Riyadh KSA, under the patronage of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, where he met with positive feedback for his concept of developing a Blockchain AI Bitcoin and carbon credit mining datacenter in the country. In an interview with LaraontheBlock, Han explains why he participated at the Arab China Business Conference and how his business model was received. According to Han, Meer Energy a US based company for Bitcoin mining which utilizes flared gas to power its datacenters is working to expand its business model which includes Blockchain, AI datacenter as well as Carbon Credit tokenization to the Middle East, African and Asian region. Han believes that the future of industrialization will be driven by blockchain and AI (Artificial Intelligence) and this requires energy and hashp

  The senior advisor of Saudi Central Bank   Anthony Butler   for blockchain, AI and digital assets recently posted   on LinkedIn new job positions opening up in Riyadh KSA. The roles he mentioned included sSoftware engineers with hands-on experience working with DLT  ( Distributed Ledger Technology) protocols and applications. According to Butler the role requires someone with experience implementing solutions using tech such as Ethereum, Hyperledger Besu, Hyperledger Fabric, and/or R3 Corda.” He adds   these talents should particularly   be knowledgable of solutions involving tokenisation of real world assets. The job applicant should understand the functional and non-functional aspects of designing such solutions and be able to work with broader engineering teams to lead design and implementation. Understanding of DeFi and emerging areas, such as self-sovereign identity. Also required are software engineers/full-stack developers at all levels of seniority. These applicants sho

  If you are a GCC or MENA based family office that has a portfolio that includes precious metals such as gold, silver or others, or you intend to in the near future, but are hesitant because in the past you were unable to make revenues from the purchase, you now can. With the advent of blockchain, Web3 technologies and tokenization a sweet spot is upon us.   Precious metal owners can generate earnings on their gold and make it work for them just by holding it in tokenized form. Aurus Technologies, headquartered in the UAE with offices in the UK is offering family offices the opportunity to tokenize real world assets through its sustainable tokenization as a service solution (TAAS) platform. The GCC and MENA region has all the ingredients to make gold work for family offices. First the region itself is a hot bed for investors, secondly precious metals especially gold are well revered and invested in and third Web3 technologies including tokenization on the blockchain is revolutioni